Tucson Homes for Sale by Lisa Bayless

Tucson real estate: As of July 2012 active inventory was 373, a 31% decrease from July 2011. There were 88 closings in July 2012, up 9% from July 2011. Months of Inventory was 4.2, down from 6.4 in July 2011. Median price of sold homes was $303,850 for the month of July 2012, virtually unchanged from July 2011. The North area had 123 new properties under contract in July 2012, up 71% from July 2011.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana real estate. Call Lisa (520.668.8293) with all your Tucson real estate needs.

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Tucson real estate: As of July 2012 active luxury inventory was 207, a 10% decrease from July 2011. There were 14 luxury closings in July 2012, 8% above July 2011. Months of Inventory  was 14.8, down from 17.8 in July 2011. Median price of luxury sold homes was $1,037,500 for the month of July 2012, down 6% from July 2011. The Luxury market had 15 new luxury properties under contract in July 2012, up 114% from July 2011.

Here is a link to the entire August 2012 Tucson luxury housing market report.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana real estate.  Call Lisa (520.668.8293) with all your Tucson real estate needs.

Tucson real estate: As of June 2012 active inventory was 3,611, a 39% decrease from June 2011. There were 1,273 closings in June 2012, 5% below June 2011. Months of Inventory was 2.8, down from 4.4 in June 2011. Median price of sold homes was $140,000 for the month of June 2012, up 11% from June 2011. The Tucson Market had 1,541 new properties under contract in June 2012, up 5% from June 2011.

Here is a link to the entire Tucson June 2012 housing report

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa for all your Tucson real estate needs.

Tucson Real Estate: As of June 2012 active inventory was 273, a 26% decrease from June 2011. There were 67 closings in June 2012, 26% above June 2011. Months of Inventory  was 4.1, down from 6.9 in June 2011. Median price of sold homes was $217,000 for the month of June 2012, virtually unchanged since June 2011. Oro Valley had 75 new properties under contract in June 2012, up 21% from June 2011.

Here is a link to the entire Oro ValleyJune 2012 housing report

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa for all your Tucson real estate needs.

Tucson real estate:

In real estate, the key phrase has historically been location, location, location. That phrase is now being replaced with buy, buy, buy… In both the Foothills & Oro Valley, closings are up while inventories are low. Buyers who have been sitting on the sidelines are now purchasing homes. Below find some of the reasons why.

Interest rates: Mortgage interest rates have fallen to levels not available in over 40 years. The federal government is actually subsidizing your home purchase by holding rates low.

Foreclosures: In Pima County trustee’s sale notices are down 5.9% year over year. 2012 notices are projected to be below 2011 levels. The amount of distressed home sales has been declining. Banks are implementing more and better loan modification programs to advert future foreclosures.

Price: Home prices are at levels not seen since the early 2000s. That said, there has been an uptick in prices and values are projected to rise. In the Foothills, the median price of sold homes was $340,000 for the month of April 2012, up 12% from April 2011. In Oro Valley, the median price of sold homes was $222,000 for the month of April 2012, down 2% from April 2011. Fiserv Case-Shiller Indexes forecasts that Tucson area home prices will climb 4.1% between the fourth quarter 2012 and 2013. Other estimates have prices increasing considerably more.

Supply vs. Demand: Supply is down and demand is up. In both the Foothills & Oro Valley, inventory (homes for sale) fell 11% in April 2012 compared to April 2011. Sales were up 17% in the Foothills and 44% in Oro Valley during the same periods. Go demand!

Who knows what the future will bring. If you are looking to buy a home and planning on staying there for 5 years or more hop off the fence and buy, buy, buy… With my coupon I can show you how to save $1,000 when buying a home. Call for details.

Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana real estate.  Call Lisa for all your Tucson real estate needs.

Tucson real estate: A national mortgage settlement deal has been reached between AZ and 49 other states, the federal government and the five largest residential mortgage servicers – Ally/GMAC, BofA, Citibank, JP Morgan Chase and Wells Fargo. Arizona residents are projected to receive $1.6 billion from this settlement. Over the next 6 months settlement administrators the Attorney General and mortgage servicers will work to identify homeowners eligible for the settlement. Homeowners can also contact the AZ Attorney General’s office or their mortgage servicer to ask to be included.

Tucson real estate : As of April 2012 active inventory was 5,217, a 17% decrease from April 2011. There were 1,253 closings in April 2012, 9% above April 2011. Months of Inventory was 4.2, down from 5.5 in April 2011. Median price of sold homes was $134,000 for the month of April 2012, up 2% from April 2011. The Tucson Market had 1,796 new properties under contract in April 2012, up 27% from April 2011.

Here is a link to the entire Tucson May 2012 housing report.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa for all your Tucson real estate needs.